WASHINGTON – 21 October 2024 – The U.S. hotel industry reported mixed performance results from the previous month, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
September 2024 (percentage change from September 2023):
- Occupancy: 64.6% (-2.5%)
- Average daily rate (ADR): US$162.63 (+1.2%)
- Revenue per available room (RevPAR): US$105.04 (-1.3%)
Among the Top 25 Markets, New York City experienced the highest occupancy level (-0.8% to 87.0%), driven by the United Nations General Assembly, Fashion Week, and the U.S. Open.
Markets with the lowest occupancy for the month included New Orleans (53.6%) and Tampa (61.4%).
The Top 25 Markets showed higher occupancy and ADR than all other markets.
For more information about the company and its products and services, please visit www.costargroup.com.
Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 85,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
